Are you familiar with the article published in 11/13/2021, "The Fall of the Colossus" (General Electric Split and the End Of a Colossus) by Jason Z?

Can you provide a brief summary about the article?

Many times we view business failure as the result of a singular bad decision or untimely event. The reality however, is that many businesses fade away gradually as a result of years of unsuccessful maneuvers. The Fall of GE, marked by the company's decision to separate itself into three specialized companies, is one of those examples. While managers at GE made numerous attempts to respond to changes in their external business environment, results failed to materialize. What external business environments most affected GE's business? Why do you think that?

Why are conglomerates again falling out of favor much like they did in the 1970s?